A Widow having one major daughter, one minor daughter & a minor son has received sales consideration on transfer of residential house property & wishes to take benefits of section 54.She received sales consideration on behalf of her minor daughter & son along with her own share and deposited in her own account. The major daughter received her share in sales consideration in her own account. Now the widow along with the share of her minor daughter & son wishes to purchase another residential flat together with her major daughter investing capital gains received on sale of the old residential house.Whether she is entitled to get tax deduction under section 54 or any other section relevant for capital gain exemption??

Existing KARTA who was already registered for e-filing of I.T.return filing has expired this year.

I just wanted to know the procedure for registering a new karta on I.T.return filing front for this years filing.

sir i am preparing for cs executive DEC 13. having read contracts in securities as per securities contracts act 1956....i could nt get anything plz some explain it clear or give an idea rather than cut pasting the whole thing........plz reply............

I want to know as to whether Income from Pension amount falls under deduction of Income Tax U/S 192. If so,how it is to be calculated and deducted.Further,deducted amount of tax from pension is refundable or not if I calculate arrear pension etc. showing year-wise break up.

plz need help

If in A.Y. 2013-14 Assessee has taxable income which is less than his maximum exemption limit , this income also includes long term capital gain, Short term capital gain (111 A) and winning from lottery.
after deducting the income on which normal rates are applicable from maximum exemption limit can he give the advantage of exemption limit to long term capital gain, short term capital gain (111 A) and lottery income?

QUERY IS
SURESH (HUF) HAVING MORE THAN 10 LACS INCOME
SURESH (HUF) HAVING 3 MEMBERS NAMELY X, Y,Z AND UPTO ASST YEAR 2012-2013, X IS A KARTA AND HIS VERIFYING AS HIS PAN NUMBER AND FILING RETURN, X EXPIRE IN THE MONTH OF FEBRUARY 2013, NOW Y IS THE KARTA OF HUF WANTS TO FILE THE RETURN AS VERIFIED, NOW Y WANTS TO FILE ONLINE RETURN FOR THAT Y HAS TO VERIFY, SO HOW HE CAN VERIFY WHAT IS THE PROCEDURE

company A, in India, is importing one raw material and sells it to a Company B in India within the same state. Company B adds some more raw materials and makes a final product and sells the same to Company A. Then Company A inspects the final product (falling under Chapter 39) packs, labels and sells to its customers in India.
Whether the activity done by Company A amounts to manufacture ? Can it avail Cenvat credit while buying from Company B? Are there any issues ? Please respond - urgent.

I am doing b com from SCD Govt College, Ludhiana. As i am doing ca with it,
and my article-ship timings clash with it,
So, is there any way to carry out both of these courses simultaneously.

I have a short term loss of rs.5000 in shares.
I also have long term capital gain of Rs.10000 in shares which is exempt.
Now should i carry forward the Short term loss to nxt year or i should set off the loss against long term gain even though it is exempt.

Hi,

Im a salaried PSU employee. While filing return for AY 2013-14, instead of filing ITR2 I filed ITR1 (My exemption u/s 10 is more than Rs.5000). I have just uploaded the XML file. I have not posted the Hard copy yet.

Some one pls suggest me, what should I do> Either i should file revised return or I should leave as it is and post the ITRV to IT dept?